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Do you think Biden's insistence to tax crypto traders will affect BTC, ETH and other coins value??

  • Thread starter Thread starter Sincerem
  • Start date Start date
Jlife said:
Some people who actually invested for that period of time are the real nigggas, me that have just invested for 3 months is even thinking of giving up because it's not bringing out a quick profit, lolz.
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Laughs, sure those who invested earlier on got the best out of their investment. We that invested last three months are mauling over, but the future will be best when we keep enduring.
 
Nurudeen said:
The US and Chinese government are really trying hard to ensure they downgrade crypto currency exchange Business just for them to save their Fiat currency. It's just a crackdown for people to stay off Bitcoin and other altcoin
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I think your opinion on the threat of crypto on the fiat currency is not accurate. The fiat is the legal tender money that is backed by the government. What is backing up the crypto? More likely you cannot answer that question because crypto is a commodity that is being sold in the market. It is not a currency at all.
 
Sincerem said:
News bursting this morning 23/04/21, on the radio stations, television channels, and the world wide web etc. Said, Joe Biden's administration wants to put a law that demands every crypto trader in the united state, paying tax for their involvement in crypto investment. It is viewed as a means of generating more revenue income to the U.S government, since Cryptocurrency investment is on the massive growth. Do you think taxing every trader will halt the progress around Cryptocurrency?? Already the negative effect is taking place, all the coins are on the massive drop after the announcement.
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This announcement by Joe Biden has really created a big impact where the coins went down in the market. Before this big announcement the cryptocurrency market was in the bull run. Before his demands for paying of taxes the price of one bitcoin went up to 68,000 dollars. Today it went down to 32,000 dollars.
 
GIFTMICHAEL said:
Laughs, sure those who invested earlier on got the best out of their investment. We that invested last three months are mauling over, but the future will be best when we keep enduring.
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Definitely if we keep on enduring we will make something out of it, when I am about selling out all my cryptocurrency I consider those people that invested in 2010 and are still holding it till today, this has helped me a lot in holding.
 
Most volatile markets to respond to outcome of fear uncertainty and doubt so definitely the price is going to fluctuate but after sometime it will be normal and the market will consolidate.
 
jeff87 said:
This announcement by Joe Biden has really created a big impact where the coins went down in the market. Before this big announcement the cryptocurrency market was in the bull run. Before his demands for paying of taxes the price of one bitcoin went up to 68,000 dollars. Today it went down to 32,000 dollars.
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During the earlier time when the Joe Biden's took centre stage it affected the coins, but it didn't stay long cos they viewed it as raising eye brows decided to cut the high demand low.
 
Jlife said:
Definitely if we keep on enduring we will make something out of it, when I am about selling out all my cryptocurrency I consider those people that invested in 2010 and are still holding it till today, this has helped me a lot in holding.
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Good that it has helped you a lot dear. Keep gaining inspiration from those who made tremendous success around Cryptocurrency earlier on.
 
GIFTMICHAEL said:
Good that it has helped you a lot dear. Keep gaining inspiration from those who made tremendous success around Cryptocurrency earlier on.
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Lolz, most of the expert I have on my WhatsApp group sometimes do not like to share information with us o, although they are really good in cryptocurrency but they will still need you to pay some money.
 
Well,the American government will always make laws to favour themselves even if it affects the world negatively. The tax burden dealt a heavy blow to crypto. However, crypto will always absorb and issue thrown at it and bounce back stronger.
 
gammarays said:
Well,the American government will always make laws to favour themselves even if it affects the world negatively. The tax burden dealt a heavy blow to crypto. However, crypto will always absorb and issue thrown at it and bounce back stronger.
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When the news first came out , investors were affected , some of them gave in to panic sell. Am glad that the law was not later implemented.
 
Jlife said:
Lolz, most of the expert I have on my WhatsApp group sometimes do not like to share information with us o, although they are really good in cryptocurrency but they will still need you to pay some money.
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Laughs, already I know how the system works with them there, that's why I'm undermining such. I wanted to join one and pay but the amt they called for me was too whopping.
 
His insistent on taxing the cryptocurrencies transactions is only affecting his country of jurisdiction and not the entire cryptocurrency market globally. And that will in now way affect the cryptocurrencies market
 
Josemendez said:
When the news first came out , investors were affected , some of them gave in to panic sell. Am glad that the law was not later implemented.
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Yes I'm even thinking of the bad effects it would have on crypto if it were implemented. The panic sell would have been much and we would have experienced a crash as never before.
 
GIFTMICHAEL said:
Laughs, already I know how the system works with them there, that's why I'm undermining such. I wanted to join one and pay but the amt they called for me was too whopping.
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At least some of them should prove their genuineness by giving us quality signal just to know that they are legit because you cannot just pay for something you are not really sure, but some of them will not do it.
 
This is not new, it's normal for a country who wants to adopt cryptocurrency to put up a regulatory policies. This polices are often checked to see if the investors are complying to the set rules or not. It's very evident that these laws or policies will influence the cryptocurrency
 
Jlife said:
At least some of them should prove their genuineness by giving us quality signal just to know that they are legit because you cannot just pay for something you are not really sure, but some of them will not do it.
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At times they're right at times they are not that's just predictions for you. Its rare to see legit signal around those that claim to offer such.
 
GIFTMICHAEL said:
At times they're right at times they are not that's just predictions for you. Its rare to see legit signal around those that claim to offer such.
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Even the one I just joined recently he has been getting signal from people and be posting in a WhatsApp group to lure people to subscribe his signal group, I actually did it but now he is not giving us signal again. He continue to post signal profit in a group that they use in luring people to subscribe.
 
Jlife said:
Even the one I just joined recently he has been getting signal from people and be posting in a WhatsApp group to lure people to subscribe his signal group, I actually did it but now he is not giving us signal again. He continue to post signal profit in a group that they use in luring people to subscribe.
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Laughs, that's just their tricks luring people to their fake signal that doesn't bring any reward. I hope you guys didn't waste your money subscribing to his signal group?
 
Sincerem said:
News bursting this morning 23/04/21, on the radio stations, television channels, and the world wide web etc. Said, Joe Biden's administration wants to put a law that demands every crypto trader in the united state, paying tax for their involvement in crypto investment. It is viewed as a means of generating more revenue income to the U.S government, since Cryptocurrency investment is on the massive growth. Do you think taxing every trader will halt the progress around Cryptocurrency?? Already the negative effect is taking place, all the coins are on the massive drop after the announcement.
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Seriously, it's definitely going to affect all cryptocurrencies because it's going to be very obvious that those taxes are going to be astronomical in terms of what's been charged.
 
In as much as I think it will affect the value of the prices for a little while because a majority of which country that are from the US I do not think it will as long as it is not enough to keep the price down.
 
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